|
Report Date : |
19.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
H & M HENNES & MAURITZ GBC AB |
|
|
|
|
Registered Office : |
Master
Samuelsgatan 46 A, 10638 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
20.11.1959 |
|
|
|
|
Com. Reg. No.: |
5560701715 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
Wholesale
of Clothing and Footwear. |
|
|
|
|
No of Employees : |
2157
[2013] |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SWEDEN - ECONOMIC OVERVIEW
Aided by peace and neutrality for the whole of the 20th century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a highly skilled labor force. In September 2003, Swedish voters turned down entry into the euro system concerned about the impact on the economy and sovereignty. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for vast majority of industrial output, of which the engineering sector accounts for about 50% of output and exports. Agriculture accounts for little more than 1% of GDP and of employment. Until 2008, Sweden was in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. This, and robust finances, offered the center-right government considerable scope to implement its reform program aimed at increasing employment, reducing welfare dependence, and streamlining the state's role in the economy. Despite strong finances and underlying fundamentals, the Swedish economy slid into recession in the third quarter of 2008 and the contraction continued in 2009 as deteriorating global conditions reduced export demand and consumption. Strong exports of commodities and a return to profitability by Sweden's banking sector drove a rebound in 2010, but growth slipped in 2013, as a result of continued economic weakness in the EU - Sweden’s main export market.
|
Source
: CIA |
|
Business Name |
H & M HENNES & MAURITZ GBC AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5560701715 |
|
Activity Code |
46420 |
|
Activity Description |
Wholesale of clothing and
footwear |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
72.056.000.000 SEK |
|
Latest Shareholder Equity Figure |
1.961.000.000 SEK |
|
Business Name |
H & M Hennes & Mauritz
GBC AB |
|
Registered Company Name |
H & M Hennes &
Mauritz GBC AB |
|
Company Registration Number |
5560701715 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556070171501 |
|
Date of Company Registration |
20/11/1959 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
Bolaget skall idka handel med textil och
konfektion, skor, ur och pennor, accessoarer till hemmet framst textilier,
kosmetik samt andra liknande konsument varor. |
|
Contact Address |
Master Samuelsgatan 46 A,
10638 STOCKHOLM |
|
Contact Telephone Number |
08-7965500 |
|
Address |
Country Telephone |
|
Master Samuelsgatan 46 A,
10638 STOCKHOLM SWEDEN
08-7965500 |
|
|
Address |
Country |
|
Sodra
Larmgatan 11,41116 |
SWEDEN |
|
Arstaangsvagen
19,11743 |
SWEDEN |
|
Hultagatan
47,50750 |
SWEDEN |
|
Arstaangsvagen
13,11775 |
SWEDEN |
|
Activity Code |
Activity
Description |
|
46420 |
Wholesale of clothing and footwear |
|
47912 |
Retail sale of clothing via mail order houses or
via Internet |
|
74101 |
Industrial and fashion design |
|
Email Addresses: No email
addresses for this company |
|
Web Pages: No websites
for this company |
|
Year |
Number of
Employees |
|
2013 |
2157 |
|
2012 |
1249 |
|
2011 |
1022 |
|
2010 |
890 |
|
2009 |
1529 |
Auditor
Name Emst & Young Aktiebolag
|
Tax Registrations Registered for FTax |
Yes |
|
|
Registered for VAT |
Yes |
|
|
Registered for Employee
Tax |
Yes |
|
|
Type |
Category |
Issuer |
|
No
certificate information for this company |
|
|
|
Industry Comparison Activity Code |
46420 |
|
|
Activity Description |
Wholesale
of clothing and footwear |
|
|
Industry Average Credit
Rating |
68 (1 -
100) |
|
|
Industry Average Credit
Limit |
555.000 |
|
|
24/09/2014 |
Group Structure Change |
|
|
23/09/2014 |
Group Structure Change |
|
|
08/08/2014 |
Group Structure Change |
|
|
28/07/2014 |
Group Structure Change |
|
|
14/07/2014 |
Annual account, new |
|
|
08/07/2014 |
Annual report (PDF), new |
|
|
05/07/2014 |
Company representatives, changed |
|
|
05/07/2014 |
Authorised signatories amended or new/amended
vacancy text |
|
|
23/07/2013 |
Group Structure Change |
|
|
22/07/2013 |
Group Structure Change |
|
|
11/07/2013 |
Annual account, new |
|
|
04/07/2013 |
Company representatives, changed |
|
|
04/07/2013 |
Authorised signatories amended or new/amended
vacancy text |
|
|
27/06/2013 |
Annual report (PDF), new |
|
|
06/11/2012 |
Company representatives, changed |
|
|
30/10/2012 |
Authorised signatories amended or new/amended
vacancy text |
|
|
30/10/2012 |
Status, changed |
|
|
23/08/2012 |
Merge information, changed |
|
|
03/08/2012 |
Group annual accout, new |
|
|
03/08/2012 |
Annual account, new |
|
|
05/07/2012 |
Status, changed |
|
|
05/07/2012 |
Merge information, changed |
|
|
04/07/2012 |
Annual report (PDF), new |
|
|
06/07/2011 |
Annual account, new |
|
|
06/07/2011 |
Group annual accout, new |
|
|
24/06/2011 |
Annual report (PDF), new |
|
|
16/06/2010 |
Annual account, new |
|
|
15/06/2010 |
Company representatives, changed |
|
|
15/06/2010 |
Board, changed |
|
|
10/06/2010 |
Annual report (PDF), new |
|
|
03/03/2010 |
Annual account, new |
|
|
16/02/2010 |
Annual report (PDF), new |
|
Date
01.06.2012
Event
Description Merger ongoing
Applicant
Bankruptcy
Trustee
Company
Name
Address
Court
Name
Additional
Text
Date
29.10.2012
Event
Description Merger concluded
Applicant
Bankruptcy
Trustee
Company
Name
Address
Court
Name
Additional
Text
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Revenue |
72.056.000.000 |
74.786.000.000 |
69.119.000.000 |
|
Operating Costs |
64.371.000.000 |
64.282.000.000 |
59.738.000.000 |
|
Operating Profit |
7.685.000.000 |
10.504.000.000 |
9.381.000.000 |
|
Financial Income |
302.000.000 |
362.000.000 |
338.000.000 |
|
Financial Expenses |
-17.000.000 |
-2.000.000 |
-1.000.000 |
|
Extraordinary Income |
0 |
0 |
0 |
|
Extraordinary Costs |
0 |
0 |
0 |
|
Profit before Tax |
7.970.000.000 |
10.864.000.000 |
9.718.000.000 |
|
Tax |
-2.148.000.000 |
-2.170.000.000 |
-2.519.000.000 |
|
Profit after Tax |
5.822.000.000 |
8.694.000.000 |
7.199.000.000 |
|
Minority Interests |
0 |
0 |
0 |
|
Other Appropriations |
40.000.000 |
-2.633.000.000 |
-8.000.000 |
|
Retained Profit |
5.862.000.000 |
6.061.000.000 |
7.191.000.000 |
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
0 |
0 |
0 |
|
Plant & Machinery |
0 |
0 |
0 |
|
Other Tangible Assets |
60.000.000 |
65.000.000 |
58.000.000 |
|
Total Tangible Assets |
60.000.000 |
65.000.000 |
58.000.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
0 |
|
Loans To Group |
2.027.000.000 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed
Assets |
151.000.000 |
120.000.000 |
115.000.000 |
|
Total Other Fixed Assets |
2.178.000.000 |
120.000.000 |
115.000.000 |
|
TOTAL FIXED ASSETS |
2.238.000.000 |
185.000.000 |
173.000.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
8.359.000.000 |
7.781.000.000 |
7.536.000.000 |
|
Total Inventories |
8.359.000.000 |
7.781.000.000 |
7.536.000.000 |
|
Trade Receivables |
175.000.000 |
0 |
535.000.000 |
|
Group Receivables |
7.388.000.000 |
9.263.000.000 |
5.152.000.000 |
|
Miscellaneous Receivables |
621.000.000 |
529.000.000 |
428.000.000 |
|
Total Receivables |
8.184.000.000 |
9.792.000.000 |
6.115.000.000 |
|
Cash |
3.529.000.000 |
3.527.000.000 |
3.212.000.000 |
|
Other Current Assets |
0 |
0 |
1.918.000.000 |
|
TOTAL CURRENT ASSETS |
20.072.000.000 |
21.100.000.000 |
18.781.000.000 |
|
TOTAL ASSETS |
22.310.000.000 |
21.285.000.000 |
18.954.000.000 |
|
Trade Payables |
2.975.000.000 |
2.606.000.000 |
2.695.000.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
13.675.000.000 |
3.764.000.000 |
1.696.000.000 |
|
Miscellaneous Liabilities |
1.083.000.000 |
1.081.000.000 |
2.335.000.000 |
|
TOTAL CURRENT LIABILITIES |
17.733.000.000 |
7.451.000.000 |
6.726.000.000 |
|
Bank Liabilities Due
After 1 Year |
0 |
0 |
0 |
|
Other Loans Or Finance
Due After 1 Year |
0 |
0 |
0 |
|
Group Payables Due After
1 Year |
0 |
0 |
0 |
|
Miscellaneous Liabilities
Due After 1 Year |
2.616.000.000 |
2.656.000.000 |
23.000.000 |
|
TOTAL LONG TERM
LIABILITIES |
2.616.000.000 |
2.656.000.000 |
23.000.000 |
|
TOTAL LIABILITIES |
20.349.000.000 |
10.107.000.000 |
6.749.000.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
8.040.376.000 |
11.177.900.000 |
12.204.900.000 |
|
Other Reserves |
-6.079.476.000 |
0 |
0 |
|
TOTAL SHAREHOLDERS EQUITY |
1.961.000.000 |
11.178.000.000 |
12.205.000.000 |
|
Contingent Liabilities |
275.000.000 |
387.000.000 |
358.000.000 |
|
Working Capital |
2.339.000.000 |
13.649.000.000 |
12.055.000.000 |
|
Net Worth |
1.961.000.000 |
11.178.000.000 |
12.205.000.000 |
|
Pre-Tax Profit Margin |
11.06 % |
14.53 % |
14.06 % |
|
Return On Capital
Employed |
19.90 % |
37.81 % |
37.84 % |
|
Return On Total Assets
Employed |
35.72 % |
51.04 % |
51.27 % |
|
Return On Net Assets
Employed |
406.43 % |
97.19 % |
79.62 % |
|
Sales/Net Working Capital |
30.81 |
5.48 |
5.73 |
|
Stock Turnover Ratio |
11.60 % |
10.40 % |
10.90 % |
|
Debtor Days |
0.89 |
0.00 |
2.83 |
|
Creditor Days |
15.07 |
12.72 |
14.23 |
|
Current Ratio |
1.13 |
2.83 |
2.79 |
|
Liquidity Ratio/Acid Test |
0.66 |
1.79 |
1.67 |
|
Current Debt Ratio |
9.04 |
0.67 |
0.55 |
|
Gearing |
0 |
0 |
0 |
|
Equity In
Percentage |
9.74 % |
52.81 % |
64.79 % |
|
Total Debt Ratio |
10.38 |
0.90 |
0.55 |
No
shareholders data for this company.
|
Name |
Appointment Date |
Position |
|
INFORMATION PROTECTED |
01/07/2009 |
Substitute |
|
INFORMATION PROTECTED |
20/11/1959 |
Actual Member of Board |
|
Debt Balance |
|
|
Currency |
SEK |
|
Number Of Private
Claims |
0 |
|
Balance Of Private
Claims |
0 |
|
DEBT BALANCE |
|
|
Number Of Public Claims |
0 |
|
Balance Of Public Claims |
0 |
|
Total Balance |
0 |
|
Record of Non Payment |
|
|
Number Of Distraint Or
Repossessions |
0 |
|
Number Of Public Claims |
0 |
|
Number Of Private Claims |
0 |
|
Number Of Applications |
0 |
|
Number Of Revoked
Applications |
2 |
|
Latest Public Claim |
|
|
No Latest Public Claim
for this company. |
|
|
Latest Private Claim |
|
|
No Latest
Private Claim for this company. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.32 |
|
|
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.78.11 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.